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Just now, I noticed that Bitcoin is currently trading at just under $78,000, but some analysts are warning of a possible Bitcoin crash right now. Sean Farrell from Fundstrat makes no exception and suggests that we could very well end up back at $60,000.
The interesting part: the current increase is said to be driven mainly by financial instruments and institutional purchases (almost $2 billion). According to Farrell, however, this may not really be sustainable. Without real fundamental support, the price could quickly come under pressure again.
On top of that, there are still geopolitical tensions that are slowly easing, and the macroeconomic situation looks rather unfavorable for Bitcoin in the short term. Farrell therefore warns that the market could test even lower levels again. To me, that sounds like a warning to be especially careful right now and not to blindly follow the hype.